Azimuth Cameras: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Azimuth Cameras
Largest movements
- Deferred charges and accrued income +€8,589
up €8,589, from €0 to €8,589
- Receivables within one year -€2,990
down €2,990 (-32.4%), from €9,220 to €6,230
of which Trade receivables: -€1,887
- Tangible fixed assets +€1,553
up €1,553 (+3.2%), from €48,070 to €49,623
of which Plant, machinery and equipment: +€6,531
- Intangible fixed assets -€1,000
down €1,000 (-27.6%), from €3,627 to €2,627
- Other debts +€7,142
up €7,142 (+857.3%), from €833 to €7,975
- Trade debts -€2,413
down €2,413 (-30.1%), from €8,013 to €5,600
- Debts after one year +€1,441
up €1,441 (+16.8%), from €8,589 to €10,031
- Gross operating margin -€11,889
down €11,889 (-36.4%), from €32,697 to €20,807
- Depreciation +€4,748
up €4,748 (+46.9%), from €10,133 to €14,881
- Taxes -€3,048
down €3,048 (-81.6%), from €3,736 to €687
- Financial charges +€1,085
up €1,085 (+78.5%), from €1,383 to €2,468
- Other operating charges +€892
up €892 (+157.8%), from €566 to €1,458
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,918 | €68,101 | +€7,183 | +11.8% |
| Fixed assets | 21/28 | €51,697 | €52,680 | +€983 | +1.9% |
| Intangible fixed assets | 21 | €3,627 | €2,627 | -€1,000 | -27.6% |
| Tangible fixed assets | 22/27 | €48,070 | €49,623 | +€1,553 | +3.2% |
| Plant, machinery and equipment | 23 | €30,014 | €36,545 | +€6,531 | +21.8% |
| Furniture and vehicles | 24 | €18,056 | €13,078 | -€4,978 | -27.6% |
| Financial fixed assets | 28 | - | €430 | +€430 | |
| Current assets | 29/58 | €9,221 | €15,421 | +€6,200 | +67.2% |
| Amounts receivable within one year | 40/41 | €9,220 | €6,230 | -€2,990 | -32.4% |
| Trade receivables | 40 | €7,975 | €6,088 | -€1,887 | -23.7% |
| Other amounts receivable | 41 | €1,245 | €142 | -€1,103 | -88.6% |
| Cash at bank and in hand | 54/58 | €0 | €602 | +€602 | +146814.6% |
| Deferred charges and accrued income | 490/1 | €0 | €8,589 | +€8,589 | |
| Total equity and liabilities | 10/49 | €60,918 | €68,101 | +€7,183 | +11.8% |
| Equity | 10/15 | €23,291 | €23,798 | +€507 | +2.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,791 | €22,298 | +€507 | +2.3% |
| Amounts payable | 17/49 | €37,627 | €44,303 | +€6,676 | +17.7% |
| Amounts payable after more than one year | 17 | €8,589 | €10,031 | +€1,441 | +16.8% |
| Financial debts | 170/4 | €8,589 | €10,031 | +€1,441 | +16.8% |
| Amounts payable within one year | 42/48 | €29,038 | €34,043 | +€5,005 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €8,253 | €7,850 | -€403 | -4.9% |
| Trade debts | 44 | €8,013 | €5,600 | -€2,413 | -30.1% |
| Suppliers | 440/4 | €8,013 | €5,600 | -€2,413 | -30.1% |
| Taxes, remuneration and social security | 45 | €11,938 | €12,617 | +€679 | +5.7% |
| Taxes | 450/3 | €11,938 | €10,617 | -€1,321 | -11.1% |
| Remuneration and social security | 454/9 | €0 | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €833 | €7,975 | +€7,142 | +857.3% |
| Accrued charges and deferred income | 492/3 | - | €229 | +€229 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,133 | €14,881 | +€4,748 | +46.9% |
| Other operating charges | 640/8 | €566 | €1,458 | +€892 | +157.8% |
| Non-recurring operating charges | 66A | €5,236 | €0 | -€5,236 | -100.0% |
| Gross operating margin | 9900 | €32,697 | €20,807 | -€11,889 | -36.4% |
| Operating profit (loss) | 9901 | €16,762 | €4,469 | -€12,293 | -73.3% |
| Financial income | 75/76B | €163 | €27 | -€136 | -83.4% |
| Recurring financial income | 75 | €163 | €27 | -€136 | -83.4% |
| Financial charges | 65/66B | €1,383 | €2,468 | +€1,085 | +78.5% |
| Recurring financial charges | 65 | €1,383 | €2,468 | +€1,085 | +78.5% |
| Profit (loss) for the period before taxes | 9903 | €15,542 | €2,028 | -€13,514 | -87.0% |
| Income taxes | 67/77 | €3,736 | €687 | -€3,048 | -81.6% |
| Profit (loss) for the period | 9904 | €11,807 | €1,340 | -€10,466 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,807 | €1,340 | -€10,466 | -88.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.